Gandhar Oil Refinery (India) Ltd.
Open Date22 Nov 2023
Close Date24 Nov 2023
Size (in Crs.)
Objective of the Issue
1. Investment in Texol by way of a loan for financing the repayment/pre-payment of a loan facility availed by Texol from the Bank of Baroda2. Capital expenditure through purchase of equipment and civil work required for (i) expansion in capacity of automotive oil at our Silvassa Plant; (ii) expansion in capacity of petroleum jelly and accompanying cosmetic product division at our Taloja Plant; and (iii) expansion in capacity of white oils by installing blending tanks at our Taloja Plant3. Funding working capital requirements of our Company4. General corporate purposes
Our Company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries (Source: CRISIL Report). As of June 30, 2022, our product suite comprised over 350 products primarily across the personal care, healthcare and performance oils (“PHPO”), lubricants and process and insulating oils (“PIO”) divisions under the “Divyol” brand. Our products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer... Show More
18th Floor, D L H Park , S. V. Road , Goregaon West
Aslesh Ramesh Parekh, Ramesh Babulal Parekh, Samir Ramesh Parekh
Total Share Capital
Offered to Public
% Promoter's Holding (Pre-Issue)
% Promoter's Holding (Post-Issue)
Shares on offer
Total Share Offer
Of above offred to public
Post Issue shares
Post Issue Promoters
Lead Managers to the Issue:
ICICI Securities Ltd, Nuvama Wealth Management Ltd.
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C 101, 247 Park , LBS Marg , Vikhroli (West) , Mumbai